Innovation and Sustainability: Palm Beach County entrepreneurs endeavor to preserve the world

Innovation and Sustainability: Palm Beach County entrepreneurs endeavor to preserve the world

By: Felipe Rivas

5 min read August 2020 — The coronavirus pandemic put a spotlight on the importance of health, wellness, the essentiality of work, and the innovation that is possible in the midst of a constantly changing landscape. The global pandemic also shed light on the need for businesses and companies to ramp up their sustainability efforts, reduce their carbon footprints, support green initiatives and leave the world a better, cleaner place for future generations. In Palm Beach County, from the air to the ocean, local entrepreneurs are working hard to innovate in an effort to preserve the health of the planet in South Florida and beyond. 

For the past two years, local Palm Beach County resident and entrepreneur Tim Sperry has toiled to transform the ubiquity of paint into an air purifying instrument. His company, Smog Armor, is a solutions provider keenly focused on ending air pollution. With its slogan, “We innovate, you improve,” Smog Armor is committed to helping business owners and residents improve the air quality around them in an effort to eradicate air pollution. 

More than an eco-friendly paint, Smog Armor produces a water-based paint that is nontoxic, free of volatile organic compounds (VOCs), and infused with enhanced zeolite minerals for maximum absorption of air pollutants. Sperry’s patented process is optimal for reducing air pollution for up to five years depending on the condition of the environment it is painted in. Multiple independent testing has shown Smog Armor paint to reduce 95.1% of indoor air pollution in one hour, while its Green Wise certification ensures it has zero VOCs. 

With a background in real estate and business, and a consuming passion for entrepreneurship and preservation of nature and environment, Sperry transitioned from a life as a restauranteur to a biotech entrepreneur. “I needed to come up with something that I was passionate about, fulfilled by. With my love for nature, I wanted to find a way to help nature and do something that I really enjoyed doing,” Sperry told Invest: Palm Beach. As someone with a sensitive respiratory system, he knew helping reduce air pollution would be the main path in his journey to innovation and preserving the environment. 

His journey began by attempting to reduce vehicle carbon emissions because at that time “that’s what I saw,” he said. He spent months on end researching the dense, esoteric, chemistry-related literature revolving around air pollution and efforts to reduce it. “I essentially became a self-taught chemist,” he said. “I had two computers open. One with the research, and another to decipher those readings.” Time and time again he read about zeolite, a negatively charged mineral that is extremely effective at trapping carbon emissions and airborne pollutants. He designed a series of exhaust tips infused with zeolite aimed at directly reducing CO₂ emissions from cars, conducting and measuring air quality with and without the specialty exhaust tip. His exhaust tips proved to reduce car emissions by as much as 80 to 90 percent, he said. But after driving around for a while with the specialty exhaust tip, he realized that the system was impractical for the average consumer because the tips would constantly fall off and would become saturated after a few months of use. After going back to the drawing board, his light bulb moment came when he considered replicating this process with paint rather than the exhaust tips.

“At that point, I had to try something new,” he said. “Everyone uses paint, so I am not teaching people new habits.” After months of researching the proper paint manufacturers, honing the formula and testing the air purification efficacy of the paint, Smog Armor was ready to cover the walls of commercial and residential buildings and beyond. Local hotels have already used Smog Armor paint to improve consumer confidence in the coronavirus landscape, Sperry said. On the community outreach end of the spectrum, the company has tapped into the power of the arts, collaborating with nonprofit organizations to create impactful murals that purify the air of their local surroundings. To put it in perspective, three gallons of Smog Armor paint will remove as much CO₂ as one adult tree does in an entire year, Sperry said. For Sperry, giving back to the community via the art installations, for example, while advocating for a more sustainable future is the ultimate goal. “We have seen a spike in what we are doing because of all that is going on. We’ve got some amazing collaborations, working with amazing artists and companies, that are interested in showing that they are improving customer experience while building customer confidence and showing that they care about the environment in a public way,” he said. 

Similar to Sperry, two Florida Atlantic University alumni and entrepreneurs are on a mission to end plastic pollution in the ocean. Docked at Florida Atlantic University’s Research Park, 4ocean is a public benefit corporation founded by Andrew Cooper and Alex Schulze. 4ocean’s mission is to end the ocean plastic pollution crisis through global cleanup operations and a variety of methods that help stop plastic pollution at its source. In March, the company relocated it’s corporate headquarters to FAU’s Research Park. 

Through it’s “One Pound, One Promise,” 4oceans supports its efforts from the sale of bracelets, apparel and other products made from recycling recovered materials. Each product purchased removes one pound of trash from oceans and coastlines. To date, the company has recovered more than 10 million pounds of ocean plastic and trash, according to the company’s tracker, found on its website.

“Partnerships like this are extremely important in advancing our mission to end the ocean plastic crisis,” said Director of Operations Desmond Reese in a press release related to its move to FAU. The Research Park at FAU was the ideal location for future growth and innovation because it offers an opportunity to collaborate with FAU’s faculty and students on research and development, Reese said. 

FAU’s College of Engineering & Computer Science will work with 4ocean on several projects, such as developing enhanced methodologies to track ocean cleanup volumes in real time, diving deeper to understand the impact of cleaning waste from specific coastal and river outflow locations, developing additional cleanup operation tools and increasing its efficiency at interruption, capture and prevention of ocean inflow waste in remote regions while also developing datasets and tracking models.

“The arrival of 4ocean is very exciting,” Research Park President Andrew Duffell said in a press release. “It offers real-world research opportunities for both the faculty and students at FAU who can see how two of their fellow alumni are making a positive impact on our environment through entrepreneurship.”

For more information, visit:

https://www.smogarmor.com/breathe-cb

https://www.4ocean.com/

Ghost kitchens very much alive in South Florida

Ghost kitchens very much alive in South Florida

By: Beatrice Silva

2 min read August 2020  — The digital age means consumers can enjoy a restaurant experience without leaving the comfort of their own home. Even before COVID-19, people appreciated the convenience of having their food delivered. An estimated 44 million Americans use food carrier apps like UberEats and GrubHub every year, according to EMarketer. To feed the demand for more food delivery options, ghost kitchens, also known as virtual restaurants, have started to emerge. 

Ghost kitchens are similar to traditional restaurants except for the fact that they don’t technically have an official location. Cloud kitchens can be established almost anywhere that has running water and electricity. Warehouses, food trucks or other large commercial spaces are typically the most popular locations for virtual restaurants to set up shop.

Establishing a virtual eatery has become a lucrative business for not only inspiring restaurant owners but for real estate investors as well. Early this year, Simon Property Group partnered with SBE Entertainment Group to develop around 200 ghost kitchens in vacant retail spaces, according to The Wall Street Journal. Once furnished with proper kitchen equipment, spaces can be leased out to chefs and small-business owners to make their culinary dreams a reality. 

“We expect in the current pandemic we’ll see more of this repurposing; real estate operators doing anything they can to drive revenue from their existing properties. Likewise, we’re going to see a lot of new operators looking to fill the void with cheaper concepts … more delivery-friendly concepts that require less capital up front,” Michael Schaefer, global lead for food and beverage at Euromonitor International, told Restaurant Dive.

Real estate developers using large abandoned buildings offer all parties involved a chance to make money. Not having a traditional brick and mortar location saves restaurant owners thousands of dollars in rent each month. “It could literally be a third or less of what you might otherwise be paying with a traditional lease. These kitchens are not just for you; there are other people using them, so the costs are spread for the owner,” Herman R. Lipkis, a Fort Lauderdale-based attorney for Holland & Knight LLP, told RestaurantOwner.

For one ghost kitchen, having the option to save money on rent gave its owner the leg up he needed to launch a physical version of his virtual brand off of N. Federal Highway in Fort Lauderdale.

Brian Peter, a virtual restaurateur, originally owned and operated a traditional restaurant. However, low sales and even lower profit margins left him no other option but to close his doors. Fortunately for Peter he was able to pivot and shift his focus to delivery. Doing so, he was able to become profitable enough to launch his virtual brand, Wicked Cheesesteaks, Pizza and Wings, into a physical sit-down restaurant. “After trying and trying, we finally arrived … All the food is still on food-delivery apps but now we have a true brick-and-mortar,” Peter told the Sun Sentinel

Even though the pandemic is taking a heavy toll on the hospitality industry, physical restaurants don’t seem to be going anywhere anytime soon. Nevertheless, ghost kitchens and food delivery apps are the hottests trends in the food industry. As the world continues to evolve digitally so does the typical restaurant experience. “In the future, a more robust ghost kitchen market could also usher in advanced restaurant automation,” Schaefer told Restaurant Dive. “In five to 10 years, this shift could translate to full automation for the production of certain menu items, like pizza, ramen or high-end coffee, to drive speed of service and lower food production costs.” 

Charlotte provides relief now while thinking about the future

Charlotte provides relief now while thinking about the future

By: Felipe Rivas

2 min read August  2020 From a census count, to civil unrest, to the health and economic fallout from the COVID-19 pandemic, 2020 has proved to be a pivotal year for the nation. And though uncertainty has remained constant throughout the year so far, the Queen City’s infrastructure investments, diverse business climate and access to talent continue to draw interest from companies and new residents. As the pandemic continues to change the way Charlotteans live, work and play, however, city leaders are juggling the precarious task of providing relief for residents now, while contemplating the future development and growth expected in the Queen City. 

 

From workforce development efforts to small business relief, state, municipal and banking leaders are working to mitigate the pandemic’s immediate economic impact. In August, in an effort to continue to help embattled renters and homeowners, the Charlotte City Council approved an additional $8 million of federal stimulus funding to expand the existing Rental and Mortgage Assistance Program (RAMP CLT). Since April, more than 1,500 households have received $1.4 million in mortgage, rent, hotel and utilities relief and upfront housing assistance due to COVID-19, the city reported. Individuals earning 80% or below the average median income who face COVID-19 hardships and cannot make housing payments may apply for rent or mortgage assistance.

Though the pandemic-infused economic contraction has hit the Charlotte metro area, the region continues to be a favorable destination for new residents. The Charlotte metro continued to be a major draw for new residents coming from the East Coast and as far as California, global property investment giant Jones Lang LaSalle reported in August. “New residents have been drawn by a robust job market, lower cost of living and more pleasant climate,” JLL wrote in its “Tracking population migration in Charlotte” snapshot report. “Year over year migration from the Miami-Fort Lauderdale metro increased by 450%,” while “in-migration from California has increased by 500% year over year as the California diaspora moves further east,” JLL found. 

Charlotte’s appeal to new residents, business owners and companies will likely drive commercial and residential development demand as the region moves past the pandemic. In an effort to maximize the value of development projects expected to come to the city, Charlotte city leaders are considering implementing impact fees on property developers to cover public services for new developments, including any new infrastructure needed. These fees can also help create public green space, support schools and parks, as well as fund public transportation projects. 

Leading the effort on the impact fees proposal is Taiwo Jaiyeoba, assistant city manager and director of Planning, Design and Development, who is expected to present a proposal to the city manager in the coming months, as reported by the Charlotte Observer. Impact fees are vehemently opposed by developers who say the fees can potentially stifle development projects. Additionally, to move forward with impact fees, the city will have to receive permission from the state legislature, which has traditionally opposed the measure. 

During these uncertain times, sound insights and collaboration between the public and private sectors will be pivotal in ensuring financial recovery for both businesses and residents. To learn more about the future of development in Charlotte, register now for the Invest:Charlotte 2020 Virtual Launch Conference. The conference takes place on Sept. 10 at 11:30 a.m. The virtual conference will feature two robust panels, including “The future of development in the Charlotte region,” moderated by Taiwo Jaiyeoba, assistant city manager and director of Planning, Design and Development, and featuring Zach Pannier, business unit leader, DPR Construction; Marcie Williams, president, RKW Residential; Clay Grubb, CEO, Grubb Properties; and Lawrence Shaw, managing partner, Colliers International.

 

To learn more, visit:

https://www.us.jll.com/en/views/snapshots/charlotte-snapshot-8-3-2020

https://events.r20.constantcontact.com/register/eventReg?oeidk=a07eh85c9d965e383fa&oseq=&c=&ch=

 

Industrial investors eager to pounce on faltering retail properties

Industrial investors eager to pounce on faltering retail properties

By: Beatrice Silva 

2 min read August 2020 — Before April, e-commerce was already a booming business but COVID-19 has skyrocketed digital commercial transactions to a whole new level. Despite the current flash recession, the demand for industrial real estate has grown in almost every market. As a result, industrial real estate investors are eager to pounce on faltering hospitality and retail properties. Vacant or unprofitable large-acre facilities are being eyed up as potential warehouses and distribution centers. 

Businesses like hotels, theme parks, restaurants and others in the hospitality industry have taken the greatest hit financially among all major sectors. In Orlando, tourism disparities are now trickling down to those industrial companies that succor these industries. “Orlando’s weakness is that we’re a community built on tourism and convention services. When those industries suffer, typically our market suffers too,” Bo Bradford, industrial expert and co-president of Lee & Associates Central Florida, told Orlando Business Journal

However, with every crisis comes opportunity. If building vacancies do start to emerge as a result of the current economic slowdown it will give new operations a chance to plant roots in Orlando’s limited industrial market. One example is the area around the Orlando airport. In July, two flex industrial warehouses were proposed on 61.8 vacant acres at 6249 S. Goldenrod Road, according to the Orlando Business Journal. Orlando Office Center LLC are the property owners and Kelly Collins & Gentry Inc. are reported to be the project engineers. 

The increase in demand for industrial properties is making real estate investment companies get creative. Simon Property Group Inc. is considering converting vacant Sears and JCPenney stores into distribution centers, according to the Orlando Business Journal. However, in early June, the group decided not to proceed with an agreement with Taubman Centers that could have added various retail properties to its portfolio. “The COVID-19 pandemic has had a uniquely material and disproportionate effect on Taubman compared with other participants in the retail real estate industry,” Simon Property Group said in a press release. The real estate investment company has four properties in Orlando and if it does decide to transform even one of its properties into an industrial building, it could be a win-win for both parties involved in the transaction. 

Since the pandemic began, retail stores have suffered as more and more people shift to online shopping. Within a few years, traditional malls and outlet stores could become a thing of the past. For companies like Amazon, large vacant retail properties provide vital space in a limited market. 

Face Off: Business schools tackle the challenges in a changed education landscape

Face Off: Business schools tackle the challenges in a changed education landscape

By: Max Crampton Thomas

4 min read July 2020 Higher education in Miami is using the COVID-19 crisis to come out stronger on the other end. John Quelch, dean of the University of Miami Patti and Allan Herbert Business School, discusses what that means and also talks about the post-pandemic landscape for higher education in an interview with Invest:. Florida International University (FIU) College of Business dean Joanne Li also spoke with Invest:, touching on the growing importance of online education, and what makes its new DBA program a game-changer.

How has your school continued to sustain growth in enrollment and influence?

John Quelch: The increasing strength of the University of Miami brand is one factor. We are witnessing a sizable surge in 2020 undergraduate enrollments at the university level and at the school. A second factor is the vote of confidence provided by the $100-million naming gift we received from Patti and Allan Herbert last year. Third is the global recognition and attractiveness of Miami as a place to study plus our beautiful, spacious and self-contained Coral Gables campus. Fourth, from a health and safety perspective, many parents see our campus as preferable to the congested, urban campuses of many universities in the Northeast.

 Most important though is the quality and dedication of our research and teaching faculty, and the fact that we offer more degree programs that are in the sweet spot of what people are looking for. Our sustainable business MS degree is seeing a 25% enrollment increase for 2020. No matter the industry, everyone agrees that technology and analytics are increasingly important for success. Our MS in business analytics degree, recently ranked No. 8 in the world alongside Duke, is able to place almost all its students in capstone projects, internships or full-time employment, even in this challenging environment. In addition to our redesigned full-time MBA, another important degree program is our MS in finance, which supplies a flow of talent to the wealth management, private equity and venture capital firms coming into the Miami area.

How have you approached online education?

Joanne Li:  Eight or nine months prior to COVID-19, FIU Business expanded its offering strategically and methodically. By spring 2021, FIU Business will offer 10 online programs that have a substantial market space. FIU was one of the first adopters of online education, which began more than two decades ago. Now, we see growing demand for this kind of degree, especially as FIU has been diversifying its student population more and more. As a state university, we are expected to offer degrees aligned with market needs.

On an undergraduate level, we are the leader among all colleges within FIU in providing online education; of all the courses we offer, 40% are considered online education. The goal is to allow a more agile learning model for the student and to meet the student’s needs. Most of our student body is a 21st century workforce, who work or take internships while studying. 

We launched our Doctor of Business Administration (DBA) in 2018. We are one of only three state universities in Florida offering this degree. This program targets candidates who already made it to a C-Suite level and yearn for higher levels of business education. Since we accepted our first cohort, the program has been extremely successful, and it is a new trend for business education. Many universities across the globe have been talking about this need but are unsure about implementation. Before COVID-19, FIU Business had already become even more attuned to the business environment and needs of the candidate.

This model is often perceived as a direct competitor for many often expensive and time-consuming full-time MBA programs, especially for candidates who already have been integrated into the working world. The DBA also feeds into this new trend of a stackable, specialized master’s degree. It is a hybrid model that allows students to continue with their careers while studying. Our responses have been timely and position the college to pivot and prepare for the next wave of demand in the market.

What impact will the pandemic have on the education sector or on your institution in the near term? 

Quelch: Overall, I expect many colleges and smaller universities to be financially challenged and forced to merge or go out of business. The University of Miami is scheduled to open on Aug. 17, 2020. We are fortunate and reassured to have a global public health expert as president of the University of Miami. To navigate the current challenges, any university needs to see a high level of community commitment from students, faculty and staff. All of us are going to have to wear masks, follow physical distancing guidelines, be disciplined and set a good example.  We are confident that the strength of the University of Miami community is such that people will endure personal inconvenience for the common good.

Li: By Aug. 24, FIU is scheduled to start repopulating the campus with the four adapted teaching modalities: face to face, online, hybrid and synchronized remote learning, which was introduced in March. FIU Business set out four guiding principles in May. The first is that we will transition our constituency back to normalcy to the best of our ability. The second is that we will honor the teaching modality as we marketed and advertised it, as far as we can. Students can choose to rotate from face-to-face to remote or they can be designated as a remote student through a hybrid model or they can select a fully online format. The third principle is maintaining the use of the classroom and we will take responsibility for making sure that students always have the right tools. The last principle is that we will always consider alternative testing as a result of this pandemic. Certainly, we are still in a very fluid situation but having a plan allows us to prepare for scenarios.

It is important that we retain students and they stay in school. This is a very difficult time for students as many of them or members of their families lost their jobs. To survive this lockdown, everybody has to chip in, and we allocated some of our CARES Act funds to provide financial support.

How do you balance face-to-face education with technology and virtual learning and what does this mean for higher education?

Quelch: The need to switch to virtual teaching to deliver our spring semester courses was not as disruptive as I expected. We all pulled together and did pretty well, though we must improve our online teaching skills further as student expectations will be higher when we reconvene in the fall. We completed our tenure-track hiring early in the year so we will have five new tenure-track professors joining us in the fall.

The area where we are having to do the most reinvention is non-degree executive education. We had approximately $1 million worth in contracts that had to be postponed. We are exploring how to move from a 100% face-to-face delivery proposition to a value-added proposition that includes a more blended solution, often with modular engagement. We are breaking programs into bite-sized learning modules that can be delivered virtually over a week, a month or a couple of months.

Regarding our graduate and undergraduate programs, the challenge as we move into the next semester is to figure out how to best leverage our physical space on campus to maximize the percentage of course delivery that can be face-to-face. We hope to deliver a hybrid solution, balancing face-to-face and online modalities, dividing classes into subgroups to insure physical distancing. We have not seen reductions in applications; in fact, at the graduate level, we have seen a strong uptick, particularly in applications to our online and full-time MBA programs.

Li: We conducted a student survey during the COVID-19 changes, asking about home and education arrangements. Many said they would like to come back and interact with their professors and fellow classmates. This means we have to be better in being learner centric. We need to ensure student learning takes place and student success is achievable regardless of the delivery method. We can do this by making the environment a lot more conducive for the learner. We need to make discussions meaningful on an online platform. At FIU Business, we intend to accommodate students who prefer to show up in person as well as those who want to remain remote. We will vastly implement technology, both hardware and software, to encourage the interactions. The technology is not new, but the teaching pedagogy and implementation are. Now, there is no excuse. We cannot unlearn the lockdown, so we may as well make ourselves very good at adapting. This is a defining moment for higher education.

To learn more about our interviewees, visit:

https://business.fiu.edu/

 

https://www.bus.miami.edu/

 

 

How the hospitality industry is staying afloat during the flash recession

How the hospitality industry is staying afloat during the flash recession

By: Beatrice Silva 

2 min read FORT LAUDERDALE — The hospitality sector is a vital factor in South Florida’s economy. Around 1.3 million Floridians have jobs related to the tourism industry, which contributes $85.9 billion of the state’s GDP, according to A Banner Year for Florida Tourism Performance. On April 1, Gov. Ron DeSantis issued a statewide stay at home order that forced nonessential businesses like restaurants, hotels and shopping centers to close their doors. Within days of the shut down, an estimated 1.2 million people lost their jobs and more than 1.5 million unemployment claims were filed, according to the Florida Department of Economic Opportunity.

 Although Broward County is a few weeks into phase one of reopening, uncertainty still looms. However, it has become apparent that the hospitality industry is doing everything in its power to stay afloat during the flash recession. The hospitality industry has endured a difficult four months and although it is making strides, no one knows how long it’s going to take for it to make a full recovery. 

Many industry leaders speculate that normal life won’t resume until a vaccine for the virus is discovered and easily accessible to the masses. The pharmaceutical industry indicates that a cure for COVID-19 could take years. In the meantime, businesses are having to come up with innovative ways to stay profitable. Unlike other sectors of the economy like technology and banking, the hospitality industry relies heavily on face-to-face interaction and physical guest services. “The hospitality industry will have to learn to function in a way not seen before. As the relationship between each brand and consumer starts by building trust, regaining customer confidence will be the first step in overcoming the crisis. Strict sanitary and hygiene measures will need to be applied, with new practices put in place to monitor and control the environment in which the business takes place,” Hassan Djeebet, food and beverage manager for Les Roches Marbella told hospitalitynet. 

Being transparent with guests will become even more important during the transition into a post-pandemic world. Managers will have to make their workers feel just as safe as their customers to ensure an overall positive guest experience. Although Broward County is just a few weeks into its phase one reopening plan, restaurant owners have noticed more and more people venturing out to indulge in their favorite food and drinks. “Eating outside is less risky than eating inside, if everybody is six feet apart and the wait staff are all wearing masks. That keeps the risk as low as it can be,” Dr. William Schaffner, a professor of preventive medicine and infectious diseases at Vanderbilt University School of Medicine in Nashville, told CNN Travel. 

Some argue one brightside to the pandemic is the emergence of new innovations in the hospitality industry. Many restaurants have adopted new technologies to ensure the customer experience is as hands free as possible. For example, instead of having a physical menu, restaurants are offering digital menus that can be accessed by scanning a QR code. Other innovations include artificial intelligence systems like FAQ bots to answer customer questions, virtual tours, and smart amenities like voice-controlled rooms and facial recognition. It’s safe to say that the pandemic has pushed businesses out of their comfort zones. However, as a result, easier and more efficient ways of doing things have surfaced. Some industry leaders even go so far as to say that the pandemic has propelled them at least five years into the future. 

 

 

Why Palm Beach’s legal sector could emerge from pandemic a winner

Why Palm Beach’s legal sector could emerge from pandemic a winner

By: Felipe Rivas

2 min read July 2020Individuals and companies alike need reliable legal counsel during a time of need, and much like the people and businesses they serve, legal professionals quickly adjusted their operations as a result of the disruption caused by the COVID-19 pandemic. While the coronavirus may linger and continue accelerating change throughout different industries, Palm Beach legal professionals believe the county is suited to withstand the uncertainty and will continue to adapt to future changes. 

Florida’s favorable tax landscape, talented legal workforce, and diversifying economy are among the factors driving the population growth in the Sunshine State, which in turn drives the legal needs of businesses and residents. “The biggest factor is need, with South Florida growing in terms of population and as a regional business powerhouse,” West Palm Beach injury lawyer Gary Lesser told Invest: Palm Beach. “This means more lawyers have been needed to meet the legal needs caused by that growth.” Lesser, managing partner for Lesser, Lesser, Landy & Smith PLLC, one of the state’s oldest law firms, said Florida law schools’ emphasis on business, community involvement, and technical knowledge produce well-rounded graduates. “We are producing law graduates who are much more adept than they were years ago. Many lawyers are now graduating from law school and joining firms or setting up their own practices in South Florida,” Lesser said. 

 

“Florida has terrific law schools,” Fox Rothschild West Palm Beach Office Managing Partner Robert Sacco told Invest: Palm Beach. “They prepare students to be good theoretical lawyers and also provide critical insights on the practical aspects of being a lawyer. The clinical programs the law schools offer are particularly important in this regard as they give students a real sense of what it is like to practice in the real world,” he said. 

 

While Florida’s legal sector can count on well-rounded talent, COVID-19-related change was inevitable for legal professionals. “COVID-19 has really accelerated trends in the legal and business worlds. One example is the movement toward paperless systems, which is now much more common. The technology was always there but we have now developed greater efficiencies, which clients appreciate,” Lesser said. Video conferences have made client meetings, hearings and mediations possible during the pandemic and help meet the demand for legal services. “I think a lot of these changes will stay with us going forward, making law firms and businesses in general more efficient for clients and customers. I think there will be sectors of the economy that will scale down, but the legal and business worlds will continue to stay very busy,” Lesser said. 

While technology undoubtedly is helping the legal industry meet client demand, it can also increase opportunities for legal professionals. “Technology is a growth area for Palm Beach County,” Sacco said. “Technology companies are finding that South Florida offers business expansion opportunities that increasingly are becoming similar to those of Silicon Valley. West Palm Beach in particular is a developing hotspot for the tech industry – a sizable economic shift from the early 2000s when the area was more focused on tourists and retirement communities.” 

Although the future remains uncertain, Palm Beach County’s business and legal environment is likely to remain resilient in the midst of the coronavirus-related challenges. “Florida is too vibrant to be held down regardless of the outcomes. I think some job creation is needed since we lost so many jobs, but I think the prognosis for Palm Beach County is very good. I have seen some activity picking up in the last few weeks and the businesses that are adept and flexible will see the rewards going forward,” Lesser said. 

Sacco echoes Lesser’s sentiments when thinking about the medium- to long-term future of the region’s economy. “Going into the second half of 2020, the many business growth decisions that were delayed will be unleashed. I believe we will likely see a surge in economic activity as we go forward into 2021,” he said. “While it will take some time to reinvigorate some economic pipelines, I believe the outlook for 2021 is positive and we will ultimately see a strong economic rebound in 2021.” 

For more information, visit: 

https://www.lesserlawfirm.com/our-lawyers/gary-lesser/

https://www.foxrothschild.com/robert-j-sacco/

How the aviation industry is weathering COVID-19 turbulence

How the aviation industry is weathering COVID-19 turbulence

By: Beatrice Silva

2 min read July 2020 — Summer this year is drastically different. Instead of hopping on planes to visit friends and family or finally embarking on that European adventure, the majority of frequent travelers are staying put, at least for the time being. It started to become apparent around the second week of March that the novel coronavirus would have a severe impact on the air transport industry. Even some of the busiest airports like Philadelphia International are feeling the weight of uncertainty. Nevertheless, the aviation industry continues to push forward. New air travel innovations have emerged and some airlines have even rediscovered ways to use their aircraft as they weather the turbulence. 

Greater Philadelphia is the eighth-largest metropolitan area in the United States and is located in the middle of one of the largest catchment areas with passport holders spanning from South Jersey all the way to New York, according to PHL CASRIP.  Philadelphia International Airport is the only international airport that not only serves Philly but the northeast region as a whole. Just last year, the PHL welcomed more than 33 million passengers. It was the largest amount of traffic the airport has ever seen and what makes that figure even more impressive is that fact that there are 29 other airports within a 50 mile radius. So while it may take years for the airport to return to those 2019 levels, there is still hope for air transportation. On July 16, American Airlines and JetBlue announced their strategic partnership that will create seamless connectivity for travelers in the Northeast. This will help to provide more choices for passengers across their complementary domestic and international networks.

Our innovative partnership will allow us to compete in the New York market where American and JetBlue have traditionally been third and fourth. This partnership will allow us to coordinate schedules so we can provide customers better connectivity, capitalizing on JetBlue’s strengths in the New York market and American’s strengths as a long-haul carrier. Ideally, we envision a time where our passengers can travel into New York on JetBlue and connect with American Airlines for a long-haul flight out of JFK. So it opens up a tremendous amount of new markets to both JetBlue and American customers, complementing our trans-Atlantic gateway in Philadelphia,” Jim Moses, vice president for American Airlines PHL Hub Operations, told Invest: Philadelphia. 

Forming strategic partnerships with the competition is just one way airlines are navigating the pandemic. A majority of aviation companies are also adjusting their travel schedules, waiving ticket alteration fees and offering flights at a much lower fare. When it comes to cleanliness airlines are making sure to broadcast their meticulous efforts. Major U.S. airlines like Delta, American, JetBlue and United are in close contact with health agencies such as the World Health Organization and the Centers for Disease Control to make sure their guidelines for cleaning their aircraft cabins are up to par. 

As for Philadelphia International Airport, customers and employees are required to wear marks. Their TSA screening process has been modified to protect passengers and new touchless check-in technology has started to emerge. PHL also launched an initiative that offers airlines financial stimulus to encourage carriers to fly to certain destinations and to expand their cargo services. “PHL believes that this rapid injection of relief and growth will jumpstart the entire airport ecosystem, thus benefiting the Philadelphia region,” Stephanie Wear, director of air service development and cargo services, told Airport Experience News. “From concessions to ground transportation to tourism and commerce, the halo effect of increased air travel will create immediate wins for all airport stakeholders.” 

Tech sector continues to thrive in Atlanta

Tech sector continues to thrive in Atlanta

By: Felipe Rivas

2 min read July 2020From coding to game development, there is a great desire for more tech-related training in the metro Atlanta region and major companies are stepping in to help usher the next generation of tech workers.

 The Atlanta area, long known as a logistics and fintech hub, is bolstering its reputation as a producer of tech talent in the Southeast. Recently, Atlanta ranked No. 9 out of 50 North American markets in CBRE’s  annual Tech Talent Scorecard. Atlanta added 31,960 technology jobs over the past five years, the commercial real estate services and investment firm reported. Atlanta ranked No. 6 and No. 7 in the top 10 markets for educational attainment and degree completion, respectively, CBRE noted in its 2020 report. The report compared the number of tech degree graduates versus tech talent job creation to determine if brain gains or brain drains occurred in the different North American markets they analyzed. Atlanta posted a brain gain of +647. In comparison, other large metros did not favor as well as Atlanta, with the nation’s capital posting a brain drain of -28,819 and Boston, not far from historied institutions such Harvard and Massachusetts Institute of Technology, sitting at the bottom of the list with a brain drain of -32,426, according to the report. 

Though the metro Atlanta region is home to more than 70 higher education institutions, major companies are ramping up funding to meet the technological needs of students and residents. 

Technology giant, Apple, recently announced the deepening of existing partnerships with Historically Black Colleges and Universities (HBCU), adding more than 10 regional coding centers slated to serve as tech hubs for students and the local community. Among those institutions is Morehouse College, one of Atlanta’s most historic colleges whose alumni include civil rights leader Martin Luther King, Jr and filmmaker Spike Lee.

This effort is designed to expand coding offerings and workforce development opportunities to learners of all ages, Apple said in a press release. 

”Apple is committed to working alongside communities of color to advance educational equity,” said Lisa Jackson, Apple’s vice president of environment, policy and social initiatives. “We see this expansion of our Community Education Initiative and partnership with HBCUs as another step toward helping Black students realize their dreams and solve the problems of tomorrow.”

Similarly, the Georgia Game Developers Association (GGDA) in June received a sizable grant from a major video game developer to help educational leaders teach a popular game engine supported by different industries.

Epic Games, host of the Unreal engine, a real-time 3D creation platform for photoreal visuals and immersive experiences, committed $100 million to support game developers and media professionals, students and teachers in the Peach State and beyond. 

“The Unreal engine has become not only the standard for making games, but also for pre-visualizing movies, creating great architecture designs, making great television shows and more,” said Andrew Greenberg, executive director of the GGDA. “Unreal has become one of the most valuable skills new graduates can know when they seek jobs in these fields.”

He added: “The GGDA applied for the grant because the need for skilled Unreal developers has far outstripped the current supply. Georgia companies like Hi-Rez Studios, Tripwire Interactive, the Weather Channel, Pinewood Atlanta Studios and more rely on this technology, and offer great opportunities to recent grads who can use it well.”

To learn more visit:

https://ggda.org/

https://www.cbre.us/